Cable & Wireless fiscal-year net profit up 3%

SarahTurner

LONDON (MarketWatch) -- Fixed-line telecom provider Cable & Wireless
uk:cw
said Thursday that its fiscal-year net profit rose to 226 million pounds, from 220 million pounds at the same point a year ago. Adjusted operating profit climbed 36% to 822 million pounds, just exceeding analyst expectations for a 813 million pound profit. The firm said it's expecting EBITDA of around 1.0 billion pounds in fiscal 2010. "Each of our businesses has produced another strong set of results," said Chairman Richard Lapthorne. It hiked its dividend 13% to 8.50 pence for the year.

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